O’Leary, an entrepreneur and television personality, was paid $15 million by FTX for “20 service hours, 20 social posts, one virtual lunch and 50 autographs,” according to Michael Lewis’ new book “Going Infinite.”
Stablecoins alone can’t be considered securities, argues the USDC issuer, supported by former commodities regulator Heath Tarbert.
Binance, Binance.US and Changpeng Zhao filed to dismiss a Securities and Exchange Commission (SEC) lawsuit Thursday, claiming the regulator hadn’t “plausibly alleged” various securities-related violations.
Securities regulators have complained the exchange is unregistered, and worry about assets being shifted overseas.
Binance says the SEC has no evidence to support its allegations that imply investor assets have been wrongfully diverted.
The crypto exchange’s promotion comes as trading volumes plummet to four-year lows, hurting the revenue streams.
This week in blockchain tech: Polygon’s new “chain development kit,” Farcaster’s move to Optimism, Shibarium’s return and Interlay’s new Bitcoin layer-2 network, and Pancake Swap expands to Consensys’s Linea.
The crypto exchange is conducting a “risk management initiative” targeting some crypto projects with a relatively small market capitalization or whose tokens form lower-liquidity trading pairs.
Binance has cut ties with five sanctioned Russian banks that were listed on the exchange’s peer-to-peer service to let users transfer funds in rubles, the country’s native currency.
The decision comes only weeks after Binance has been grappling with multiple legal challenges in the U.S.